Digital Payments Index (RBI-DPI)

Published on 14 Nov 2025

• The Reserve Bank of India (RBI) has recently released a composite Reserve Bank of India – Digital Payments Index (RBI-DPI). 

• The index for March 2025 stands at 493.22 as against 465.33 for September 2024.

• The RBI has tracked this index since March 2018 (base 100) to measure growth in payment infrastructure and performance. 

• Published semi-annually since March 2021 with a four-month lag, it is based on five parameters that capture the penetration and deepening of digital payments over time.The increase in RBI-DPI index was driven by significant growth in parameters viz. Payment Infrastructure – Supply-side factors and Payment Performance across the country over the period.

  
  

• These parameters are:

• Payment Enablers (weightage 25%); 

• Payment Infrastructure – Demand-side factors (10%); 

• Payment Infrastructure – Supply-side factors (15%); 

• Payment Performance (45%); and 

• Consumer Centricity (5%).

  
  

  
  

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Keywords:

Digital Payments Index RBI-DPI Digital payments UPI Financial inclusion Digital India